Report: Mikhail Prokhorov looking into buying 100 percent of Nets, arena
When he didn’t get the $2 billion offer he desired, Prokhorov seemingly took the team off the market.
Now, he might go the other direction – buying out Bruce Ratner, who owns a minority of the Nets and a majority of Barclays Center.
This isn’t the first time Ratner has considered selling with Prokhorov mentioned as a potential buyer. That doesn’t mean this is another false alarm, but I wouldn’t consider it imminent.
Especially because Prokhorov owning a major of the team and a minority of the arena and Ratner owning the opposite creates the possibility for revenue-hiding hijinks.